Invoice Financing by Newtek

Invoice Financing by Newtek

Procuring financing for business ventures is often challenging for small business owners. From startup phase to the expansion of your business, you may find it difficult to overcome the requirements of traditional bank loans. Newtek may be able to help. Newtek term loans offer flexibility to business owners because financing can be guaranteed for a variety of general business uses including: working capital, debt refinancing, and equipment purchases, just to name a few.

Nav's Verdict

Cost
60% Complete
LowHigh
Effort to Apply
30% Complete
EasyDifficult
Funding Speed
30% Complete
MonthsMinutes
Repayment Terms
20% Complete
MonthsYears

5/10

Bottom Line

Because the terms are unclear, make sure you are aware of the overall cost and repayment. After these have been presented to you, you might want to make sure there are not other options that would be a better fit for your needs.

Pros

Because A/R Financing is not a loan, no debt is incurred which makes it easier to obtain other types of financing.

Cons

A minimum of $50,000 in account receivables are required. Cost and terms are not published.

Cost
Unknown. You will receive up to 90% of the invoice amount.
Repayment Duration
Paid off as your account receivables are paid
Funding Amount
$50,000 - $1.5 million
Funding Speed
2 weeks
Application
Over the phone with a Newtek employee

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